Wednesday, June 09, 2010

He should administer Social Security

Just add some zeros and we could call him senator........

Disbarred attorney Scott Rothstein, whose seemingly unlimited wealth bought palatial homes, exotic cars and mega-yachts, was sentenced Wednesday to 50 years in prison for operating a $1.2 billion Ponzi scheme using faked legal settlements.

The sentence imposed by U.S. District Judge James I. Cohn was below the 100-year maximum Rothstein faced for five felony convictions, including racketeering conspiracy, money laundering conspiracy and wire fraud.

Rothstein, who turns 48 on Thursday, had hoped for a 30-year sentence because of his extensive cooperation with investigators—and prosecutors could later ask for up to one-third off his sentence because of continued assistance.


When do we get to throw 100 senators in the clink?

More.....

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